Nicaragua keeps growth goals
The Central Bank of Nicargua will maintain its economic growth objectives, estimated at around 3% to 4%, despite the financial crisis.
Friday, October 10, 2008
Despite the financial crisis in the US, Nicaragua is not going to change its economic growth projections of 3% to 4% because "it was calculated based on the price of petroleum" which has been falling, said the president of the Bank, Antenor Rosales, to local station, Channel 8.
For the second consecutive year, the Nicaraguan economy has grown by more than 5%, maintaining the impetus registrated for 2011, when it grew by 5.4%.
The BCCR raised its forecast for economic growth this year from 4.3% to 4.5%, while Costa Rica ECLAC estimates for growth of just 3.2%.
The financial crisis will affect all Latin American countries, despite the fact that they are better position than in the past to withstand it, said Juan Jose Daboub, general director of the World Bank.
This special report examines the channels through which Fitch-rated sovereigns in this sub-region could be impacted by external shocks, the robustness of their
various policy frameworks and the implications for creditworthiness of
increasingly challenging international conditions.
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